"The system was instigated by white labor unions precisely to keep blacks from competing. This was clearly spelled out in 1964 in The Economics of the Colour Bar by University of Cape Town economist W.H. Hutt (1899–1988), a self-described classical liberal (libertarian), a leading opponent of apartheid, and a prominent critic of Keynesian economics. While formal apartheid got started in 1948, Hutt wrote, legislation protecting white workers from competition goes as far back as 1907."

"Although Hutt and other critics of the Keynesian Revolution ... considered their work to be in the classical tradition ... Hutt and Hazlitt found themselves increasingly sharing perspectives with the School that had most firmly and consistently upheld pre-Keynesian monetary theory: the Austrians."